• Market Volatility Is Troubling, But This Is the Real Problem
  
  There is no such thing as "one size fits all" investing solution when the markets are this chaotic. It might be a good idea not to take what reads like "damage control" hand-waving as gospel, and consider your own approach.
• OPEC+ Progresses Toward Deal, Calls Sunday Meeting
  
  OPEC and its allies will meet Sunday after the group made significant progress toward resolving a standoff with the United Arab Emirates that had blocked a deal to boost output.
• Fed's Powell Keeps to Script on Jobs Recovery, Feels Heat on Inflation Front
  
  Federal Reserve Chair Jerome Powell on Wednesday pledged "powerful support" to complete the U.S. economic recovery from the coronavirus pandemic, but faced sharp questions from Republican lawmakers concerned about recent spikes in inflation.
• Powell: 'Substantial Further Progress' a Ways Off
  
  Federal Reserve Chair Jerome Powell said the U.S. economic recovery still hasn't progressed enough to begin scaling back the central bank's massive monthly asset purchases, while adding that inflation is likely to remain high in coming months before moderating.
• McConnell: Current Inflation 'Small Potatoes' If Dems Push Spending Bill
  
  If Democrats push their massive spending package through via budget reconciliation, the current state of inflation will look like "small potatoes," according to Senate Minority Leader Mitch McConnell, R-Ky.
• Inflation Soars 5.4 Percent, Biggest Jump Since 2008
  
  Prices paid by U.S. consumers surged in June by the most since 2008, topping all forecasts and showing higher costs associated with the economy's reopening continue to fuel inflationary pressures.
• Consumer Confidence Soars on Upbeat Views About Economy
  
  U.S. consumer confidence soared in June to a fresh pandemic high as Americans became more upbeat about the economy and job market.
• Grover Norquist to Newsmax: Biden Taking Jimmy Carter Steps Toward Inflation
  
  The steps President Joe Biden is taking are "on purpose" and driving up inflation at numbers that resemble those that came along under former President Jimmy Carter in the 1970s, Grover Norquist, the president and founder of Americans for Tax Reform told Newsmax.
• WalletHub Poll: Wide US Differences in COVID Recovery
  
  Two Midwest states have been the fastest, and slowest, in recovering from the coronavirus pandemic, a new ranking has determined.
• Tepid Job Growth in May Could Lead to Wage Inflation
  
  The Bureau of Labor Statistics reported that 559,000 jobs were added in May. Considering there are about 8 million job openings and that 7.5 million workers are unemployed as a result of the COVID-19 shutdowns, the number should have been much higher. To bring more workers...
• Inflation Hits Shale Patch With Steel Costs Surging, Citi Says
  
  It's getting more expensive to drill in the shale patch as rising prices for steel, cement and other supplies and services lead to higher costs for explorers, according to Citigroup Inc.Inflation could reach 12% or more by the end of this year for the sector in North...
• Biden Claims 'Historic Progress' Despite Modest Jobs Report
  
  Unemployment is down and wages are up, President Joe Biden said on Friday, as his administration touted data that left some economists concerned about the U.S. labor market.
• Biden's Tax Policies Would Hurt Investment, Jobs, and Innovation
  
  President Joe Biden has big plans to create jobs and raise wages by spending more on infrastructure and industrial policies and to improve conditions for ordinary folks by funding pre-K education, free community colleges, and child allowances with higher taxes on...
• Broken Analytics: Willful Blindness or Social Agenda?
  
  Transitory. The buzz word of the Federal Reserve. Treasury Secretary Janet Yellen and her propaganda puppet, the Federal Reserve, are peddling a story of economic recovery. However, Wall Street is finally waking up to the reality that our economy's relationship with...
• Is the Economy About to Break Out or Down?
  
  Many analysts on Wall Street predict that the economy is about to break out to the upside and show significant growth. Others are looking at what the Biden administration wants to spend. The World Bank found that if the debt-to-GDP ratio exceeds 77% for an extended period...
• US Consumer Confidence Holds Steady
  
  U.S. consumer confidence hovered at a 14-month high in May as optimism about job prospects tempered concerns about rising inflation and diminishing government financial support.Though the survey from the Conference Board on Tuesday suggested the pace of economic growth...
• Retail Sales Were Flat in April as Stimulus Spending Waned
  
  Retail sales in the U.S. were flat in April after soaring in March, when many Americans received $1,400 stimulus checks that boosted spending.
• Industrial Policy and Fed Policy Are Key to Confronting Inequality and China
  
  The economy is on a tear but how well it addresses the great challenges of our generation - inequality and competition with China - will depend importantly on the success of President Joe Biden's industrial policies and how much inflation the Federal Reserve...
• US Consumer Prices Outpace Estimates With Biggest Spike Since 2009
  
  U.S. consumer prices climbed in April by the most since 2009, topping forecasts and intensifying the already-heated debate about how long inflationary pressures will last.
• Gallup: Americans Expect Homes Prices to Rise, Split on Whether to Buy Now
  
  Most Americans believe local home prices will continue to rise during the next year as the country moves on from the worst effects of the COVID-19 pandemic, according to a new Gallup poll.
• Steve Forbes to Newsmax TV: Economy Headed for Trouble Under Biden's 'De-Rescue' Plan
  
  President Joe Biden is wrong to think huge tax increases and big government spending will continue to fuel a strong economy, according to publisher Steve Forbes on Newsmax TV.
• Biden: Jobs Report Shows Need for My Economic Plans
  
  President Joe Biden said April's job gains that were far short of expectations show the need for his plans to boost the economy, rejecting the idea that enhanced unemployment-insurance benefits are keeping Americans from filling millions of vacancies.
• Fed's Miscalculation of Inflation Could Be Very Costly Next Year
  
  The Federal Reserve (Fed) continues to say that the sharp rise in the inflation rate is temporary. Inflation will subside later this year, it says. As such it will keep interest rates near zero and continue to dramatically increase the money supply by purchasing $80 to $120...
• Yellen: Not Predicting or Recommending Fed Rate Hike
  
  Treasury Secretary Janet Yellen said Tuesday afternoon she wasn't forecasting interest-rate increases to rein in any inflation spurred by President Joe Biden's proposed spending, clarifying comments that ruffled financial markets a few hours earlier.
• Oil Posts April Gain With Focus on Upcoming Demand Revival
  
  Oil rose in April with a slew of positive economic data and signs of a budding fuel consumption revival in key economies offsetting a worsening coronavirus crisis elsewhere.Futures in New York rose in the last week of April, extending its monthly gain to 7.5%. The...

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